KADIMA

EIN: 382630596 501(c)(3)

SOUTHFIELD, MI

Total Revenue
$2,948,336
Total Expenses
$3,743,241
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MI
Principal Officer
PAUL BLATT
Phone
2485598235
Tax Period
2023-07-01 to 2024-06-30

KADIMA, founded in 1984, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 27% operating deficit.

Mission

EMPOWER INDIVIDUALS FACING MENTAL ILLNESS AND OTHER BARRIERS BY PROVIDING COMPREHENSIVE HOUSING SUPPORTS,PROMOTING FINANCIAL EDUCATION, AND FOSTERING IMPROVED INDEPENDENCE, INCLUSIVITY, AND ACCESS.

Program Service Accomplishments

Program 1
Expenses: $3,413,202 Revenue: $2,235,600

RESIDENTIAL LIVING SUPPORTS: FROM 24-HOUR CARE TO INDEPENDENT LIVING WITH SUPPORT, KADIMA PROVIDES A FULL CONTINUUM OF RESIDENTIAL SERVICES TO ENSURE ALL RESIDENTS GET THE EXACT LEVEL OF HOUSING AND...

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RESIDENTIAL LIVING SUPPORTS: FROM 24-HOUR CARE TO INDEPENDENT LIVING WITH SUPPORT, KADIMA PROVIDES A FULL CONTINUUM OF RESIDENTIAL SERVICES TO ENSURE ALL RESIDENTS GET THE EXACT LEVEL OF HOUSING AND SUPPORT THEY NEED TO LIVE A FULFILLING LIFE. THIS SERVICE CONTINUUM INCLUDES ACCESS TO TRANSPORTATION FOR MEDICAL AND PSYCHIATRIC APPOINTMENTS, GROCERY SHOPPING, PSYCHOSOCIAL REHABILITATIVE THERAPY, SOCIAL OUTINGS, INDIVIDUAL AND GROUP CLINICAL SERVICES, EDUCATION, VOCATIONAL SUPPORT, COMMUNITY VOLUNTEER OPPORTUNITIES, AND SOCIAL INTEGRATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $713,205
Program Service Revenue $2,235,600
Investment Income $-1,094
Other Revenue $625
TOTAL REVENUE $2,948,336

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,413,076
Fundraising Expenses $0
Program Expenses $3,413,202
Other Expenses $330,165
TOTAL EXPENSES $3,743,241

Year-over-Year Comparison

2023 2022 Change
Revenue $2,948,336 $3,719,851 -0.2%
Expenses $3,743,241 $4,342,723 -0.1%
Net Income $-794,905 $-622,872 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
20

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$241,354
Total Directors
5
$241,354
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC ADELMAN PRESIDENT 2.00
Officer Director
$0 $36,676 $241,354
DANI GILLMAN SECRETARY 1.00
Officer Director
$0 $0 $0
EVAN J LEIBHAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
JON MODIANO BOARD CHAIR 1.00
Officer Director
$0 $0 $0
GAIL STEWART TREASURER 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,948,336 $3,743,241 No data $-794,905
2023 $3,719,851 $4,342,723 $5,376,253 $-622,872
2022 $3,880,810 $3,700,100 $5,935,322 $180,710
2021 $5,395,415 $4,654,950 $9,196,953 $740,465
2020 $4,581,786 $4,661,255 $8,699,973 $-79,469
2018 $5,047,043 $5,190,514 $7,921,844 $-143,471
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